FWA expected to grow by approximately 50 percent to 27.5
million households by 2022

In advance of Mobile World Congress 2019, Nokia is
introducing a new FastMile 5G Gateway that allows operators upgrading their LTE
network to capture new Fixed Wireless Access (FWA) revenue and accelerate 5G
rollouts. Nokia's FastMile 5G Gateway
uses the same sub-6GHz 5G that operators will use to upgrade their LTE grid,
providing broader coverage of FWA and enhanced mobile broadband (eMBB)
services.

Expected to grow by approximately 50 percent from 18.5
million to approximately 27.5 million households by 2022, FWA technologies are
increasingly being used by operators to open new business opportunities and
monetize new services. 5G will play a critical part in the delivery of new
broadband access services and is anticipated to become 16 percent of all FWA
technology deployed by 2022.1

To help operators capitalize on this growing market segment,
Nokia's FastMile 5G solution delivers a single, indoor device that is easy to
deploy and can connect wirelessly to the mobile network.

The gateway brings gigabit speeds to homes using 3GPP
compliant 5G New Radio (NR)

With carrier aggregation, the gateway improves performance
and reliability by using the best 4G and 5G signals available

The plug-and-play solution is simple to install and uses a
visual guide to help customers identify the right location in the home that
will achieve the best performance

Compatibility with Nokia's in-home WiFi solution ensures a
seamless ultra-broadband experience is achieved in every corner of the home

The FastMile 5G Gateway maximizes spectral assets and uses
the industry's highest gain (11dBi) antenna to deliver up to twice the indoor
coverage, three times the downlink capacity and five times the uplink capacity
compared to traditional designs

Over the past year, Nokia has significantly expanded its
portfolio of ultra-broadband technologies to include a range of FWA solutions
for the home, including 4G LTE, unlicensed 60 GHz Wireless PON and now 4G and
5G indoor solutions. Nokia is currently trialing its FastMile 5G Gateway with
service providers like Optus which recently used Nokia's FastMile 5G indoor gateway in a live network to stream 4K
video services to select residential customers in Australia.

Allen Lew, Chief Executive Officer at Optus, said:
"Nokia's FastMile 5G Gateway plays an important role in our overall plans
to launch a commercial 5G fixed-wireless access service that is capable of
dramatically enhancing wireless broadband performance in homes across the
country. With Nokia's solution, we are
able to effectively leverage our existing mobile footprint to quickly provide
new ultra-broadband services to customers using 5G FWA. We are committed to continuously improving 5G
service capability for our customers and are excited about working with Nokia
to continue identifying future use cases for the technology as we evolve our
networks."

Julie Kunstler, Principal Analyst at Ovum, said:
"5G-based FWA enables service providers to bring ultra-broadband to homes
and businesses. However, well-designed solutions, such as Nokia's FastMile 5G
Gateway, support subscriber-side installation, thereby bypassing expensive
truck rolls and service calls, while ensuring superb customer experiences. 5G
FWA is becoming an important ultra-broadband tool for all types of operators as
bandwidth and QoE expectations continue to grow."

Sandra Motley, President of Nokia's Fixed Networks Business
Group, said: "Nokia is leading the way in 5G fixed wireless access with
solutions that help operators bring ultra-broadband access to more people
sooner. Our FastMile solution helps accelerate 5G roll outs and brings all the
benefits of 5G into the home to deliver a better user experience."